RBI Rejects All Bids at Treasury Bill Sale Amid Bond Selloff
The Reserve Bank of India rejected all bids at a federal treasury bill sale for the first time in seven months. The government had been scheduled to raise ₹23,000 crore ($2.4 billion).
Reserve Bank of India (RBI) rejected all bids at a sale of federal treasury bills for the first time in seven months amid a bond selloff that pushed borrowing costs to multi-year highs.The government was scheduled to raise ₹23,000 crore ($2.4 billion) through the sale of the treasury bills, which a…